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QUIZ – 2017: Insights Current Affairs Quiz, 05 July 2017

The following quiz will have 5-10 MCQs . The questions are mainly framed from The Hindu and PIB news articles.

This quiz is intended to introduce you to concepts and certain important facts relevant to UPSC IAS civil services preliminary exam 2017. It is not a test of your knowledge. If you score less, please do not mind. Read again sources provided and try to remember better.

Please try to enjoy questions, discuss the concepts and facts they try to test from you and suggest improvements.

Hope you enjoy this quiz. If you like it, then please share it. Thank you.

INSIGHTS CURRENT EVENTS QUIZ 2017

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The following Quiz is based on the Hindu, PIB and other news sources. It is a current events based quiz. Solving these questions will help retain both concepts and facts relevant to UPSC IAS civil services exam.

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Question 1 of 6

1. Question

1 points

With reference to Internet Connectivity, measured as the percentage of a country’s population with access to internet, India is better connected to the internet than

3. Question

1 points

The new ‘Bond Connect Scheme’, an effort to liberalise and strengthen the country’s capital market, was recently launched by

a) Russia

b) India

c) China

d) South Africa

Correct

Solution: c.

“China opened itself to foreign investors on Monday by liberalising rules that regulate participation in its massive bond market. The new Bond Connect scheme, which was keenly awaited for months, allows large foreign investors such as banks and pension funds to buy and sell mainland Chinese bonds through offshore accounts in Hong Kong. China’s bond market, the third largest in the world, is estimated to be over $9 trillion in value and is expected to double in size over the next five years.”

“China opened itself to foreign investors on Monday by liberalising rules that regulate participation in its massive bond market. The new Bond Connect scheme, which was keenly awaited for months, allows large foreign investors such as banks and pension funds to buy and sell mainland Chinese bonds through offshore accounts in Hong Kong. China’s bond market, the third largest in the world, is estimated to be over $9 trillion in value and is expected to double in size over the next five years.”

5. Question

1 points

The ‘Customer Obsession Award’ is the first of its kind instituted by this ‘entity’, to be given to companies who adopted consumer friendly practices in their trade. The ‘entity’ being referred to here is

a) Confederation of Indian Industry

b) Consumers International

c) Ministry of Consumer Affairs, Food and Public Distribution

d) NITI Aayog

Correct

Solution: a.

“We are trying to promote an atmosphere of self-regulation and discipline by manufacturers and dealers in their trade practices. The resultant outcome of such efforts is that the confederation of Indian Industry (CII) who has a membership of around 8300 Industries and corporates, has recently launched its first Award for ‘Customer Obsession’ which was given to companies who adopt consumer friendly practices in their trade..”

“We are trying to promote an atmosphere of self-regulation and discipline by manufacturers and dealers in their trade practices. The resultant outcome of such efforts is that the confederation of Indian Industry (CII) who has a membership of around 8300 Industries and corporates, has recently launched its first Award for ‘Customer Obsession’ which was given to companies who adopt consumer friendly practices in their trade..”

6. Question

The Legal Metrology (Packaged Commodities) Rules, 2011 are framed to regulate pre-packaged commodities. As per these rules, every package shall bear which of the following declarations?

Name and address of the manufacturer

Name and address of the importer in case of any imported package

Common or generic name of the commodity contained in the package

Maximum Retail Price

Select the correct answer using the code given below:

a) 1, 2 and 3 only

b) 2, 3 and 4 only

c) 1, 2 and 4 only

d) 1, 2, 3 and 4

Correct

Solution: d.

The Legal Metrology (Packaged Commodities) Rules, 2011 are framed to regulate the pre-packaged commodities. Rule 6 of the said rules provides that every package shall bear thereon the following declarations:

Name and address of the manufacturer/packer/importer;

Common or generic name of the commodity contained in the package;

Net quantity, in terms of standard unit of weight or measure or in number;

Month and year of manufacture/ pack/ import;

Retail sale price in the form of Maximum Retail Price (MRP) Rs….. Inclusive of all taxes

The Legal Metrology (Packaged Commodities) Rules, 2011 are framed to regulate the pre-packaged commodities. Rule 6 of the said rules provides that every package shall bear thereon the following declarations:

Name and address of the manufacturer/packer/importer;

Common or generic name of the commodity contained in the package;

Net quantity, in terms of standard unit of weight or measure or in number;

Month and year of manufacture/ pack/ import;

Retail sale price in the form of Maximum Retail Price (MRP) Rs….. Inclusive of all taxes